Product Code: AS 7560
"Ongoing military modernizations and increased procurement of armored vehicles, naval ships, and aircraft, among others, are expected to fuel the growth of the weapon mounts market across the globe."
The weapon mounts market is projected to grow from USD 1.1 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 7.7% during the forecast period. Some of the factors that are expected to fuel the growth of the weapon mounts industry are increased procurement of armored vehicles, rotorcraft, machine guns, and aircraft by militaries worldwide, ongoing modernization of naval platforms by various countries, and increasing demand for remote weapon stations for military applications, among others. However, challenges such as high technical expertise requirements for the development of weapon mounts for remote operations are curbing the growth of this market.
"The static mounts segment is projected to grow at the highest CAGR during the forecast period due to the rising procurement of armored vehicles globally."
Based on mount type, the static mounts segment is projected to grow at the highest CAGR during the forecast period due to the increase in the number of platforms where static mounts can be deployed, and the upgrades of these platforms by replacing older weapons with new and modern weapons. Procurement programs for armored vehicles, naval ships, and aircraft are driving the market for weapon mounts.
"The naval segment is expected to lead the weapon mounts industry in 2019."
Based on platform, the naval segment is estimated to account for the largest share of the weapon mounts market in 2019. Modernization programs to upgrade weapons and weapon mounts for the mount's platform is driving the market. Additionally, the procurement of new naval ships by countries such as the US, India, China, Germany, and France, among others, is also driving the market for weapon mounts.
"The manned segment is expected to grow at the highest CAGR during the forecast period."
Based on mode of operation, the manned segment is expected to grow at the highest CAGR during the forecast period due to the increase in demand for machine guns, sniper rifles, and automatic rifles by various militaries globally. For example, in February 2019, the Indian Army planned to procure 73,000 assault rifles and 44,000 Light Machine Guns (LMGs) to be deployed across the Indo-Pak border. The contract will most likely be awarded to a US firm supplying Sig Sauer rifles.
"Asia Pacific is estimated to account for majority of the global weapon mounts market share in 2019."
Asia Pacific is expected to lead the weapon mounts market in 2019. The market in the region has tremendous potential due to the need for armored vehicles, aircraft, and helicopters. Additionally, the increased procurement of weapons for soldiers is driving the market. The region has key investors in defense technology such as China, India, and Japan which invest heavily to modernize their troops. For example, in February 2019, the Indian Ministry of Defense started the procurement of Beretta .338 Lapua Magnum Scorpio TGT and Barrett .50-calibre M95 sniper rifles. These rifles are said to replace the Russian Dragunov sniper rifles.
The break-up of the profiles of primary participants in the weapon mounts market is as follows:
- By Company Type: Tier 1-35%; Tier 2-45%; and Tier 3-20%
- By Designation: C Level Executives-35%; Directors-25%; and Others-40%
- By Region: North America-45%; Europe-20%; Asia Pacific-30%; and Middle East and South America-5%
Major players operating in the weapon mounts market are: Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), and BAE Systems (UK), Dillion Aero (US), AEI Systems Ltd. (UK), FN Herstal (Belgium), Capco LLC. (US), and ISTEC Services Ltd. (UK), among others.
Research Coverage:
The study covers the weapon mounts market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on type, platform, mode of operation, weapon compatibility, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Reasons to Buy the Report:
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall weapon mounts market and its segments. This study is also expected to provide region-wise information about the applications, wherein weapon mounts are used.
This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.2.1 MARKETS COVERED
- 1.2.2 REGIONAL SCOPE
- 1.2.3 YEARS CONSIDERED FOR THE STUDY
- 1.3 CURRENCY & PRICING
- 1.4 USD EXCHANGE RATES
- 1.5 LIMITATIONS
- 1.6 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.2 MARKET DEFINITION & SCOPE
- 2.2.1 PRIMARY DATA
- 2.2.1.1 Key data from primary sources
- 2.2.1.2 Breakdown of primaries
- 2.2.2 SEGMENT DEFINITIONS
- 2.2.2.1 Weapon mounts market, by mount type
- 2.2.2.2 Weapon mounts market, by mode of operation
- 2.2.2.3 Weapon mounts market, by weapon compatibility
- 2.2.2.4 Weapon mounts market, by platform
- 2.2.3 EXCLUSIONS
- 2.3 MARKET SIZE ESTIMATION & METHODOLOGY
- 2.4 DATA TRIANGULATION
- 2.4.1 MARKET SIZING & FORECASTING
- 2.4.2 ASSUMPTIONS OF THE RESEARCH STUDY
- 2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN WEAPON MOUNTS MARKET
- 4.2 GROUND WEAPON MOUNTS MARKET, BY VEHICLE TYPE
- 4.3 NAVAL WEAPON MOUNTS MARKET, BY VESSEL TYPE
- 4.4 AIRBORNE WEAPON MOUNTS MARKET, BY AIRCRAFT TYPE
- 4.5 STATIC WEAPON MOUNTS MARKET, BY TYPE
- 4.6 NON-STATIC WEAPON MOUNTS MARKET, BY MOUNT TYPE
- 4.7 WEAPON MOUNTS MARKET, BY REGION
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 ROADMAP OF WEAPON MOUNTS
- 5.3 MARKET DYNAMICS
- 5.3.1 DRIVERS
- 5.3.1.1 Increased procurement of armored vehicles, rotorcraft, machine guns, and aircraft by militaries worldwide
- 5.3.1.2 Ongoing modernization of naval platforms by various countries
- 5.3.1.3 Increasing demand for remote weapon stations for military applications
- 5.3.2 RESTRAINTS
- 5.3.2.1 High durability of weapon mounts, eliminating the need for replacement
- 5.3.2.2 Saturated demand from existing platforms
- 5.3.3 OPPORTUNITIES
- 5.3.3.1 Weapon modernization plans across the world
- 5.3.3.2 Development of highly stabilized mounts for remotely operated weapon systems
- 5.3.4 CHALLENGES
- 5.3.4.1 High technical expertise requirements for the development of weapon mounts for remote operations
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 EMERGING TRENDS
- 6.2.1 USE OF REMOTE-CONTROLLED WEAPON STATIONS
- 6.2.2 ARMORED VEHICLES WITH ADVANCED FEATURES FOR URBAN WARFARE
- 6.2.3 WEAPONIZED DRONES FOR TACTICAL WARFARE
- 6.2.4 IMPROVED ELECTROMECHANICAL ACTUATORS
- 6.3 INNOVATIONS & PATENT REGISTRATIONS
7 WEAPON MOUNTS MARKET, BY MOUNT TYPE
- 7.1 INTRODUCTION
- 7.2 STATIC MOUNTS
- 7.2.1 TURRETS
- 7.2.1.1 Increase in procurement of armored vehicles drives the market for turrets
- 7.2.2 COAXIAL MOUNTS
- 7.2.2.1 Wide-scale use in conjunction with turrets drives the market for coaxial mounts
- 7.2.3 FIXED MOUNTS
- 7.2.3.1 Global increase in procurement of combat aircraft drives the market for fixed weapon mounts
- 7.2.4 PINTLES/PEDESTALS
- 7.2.4.1 Low cost of mounting on light armored vehicles drives the market for pintles/pedestal mounts
- 7.2.5 SWING ARM MOUNTS
- 7.2.5.1 Need for more flexibility in firing weapons drives the market for swing arm weapon mounts
- 7.2.6 REMOTE WEAPON STATIONS
- 7.2.6.1 High demand for remote weapon stations for main battle tanks drives the market
- 7.3 NON-STATIC MOUNTS
- 7.3.1 MONOPODS
- 7.3.1.1 Procurement plans for automatic rifles drive the market for monopods
- 7.3.2 BIPODS
- 7.3.2.1 Demand for sniper rifles by countries deploying troops in the Middle East drives the market for bipods
- 7.3.3 TRIPODS
- 7.3.3.1 Increasing use of machine guns to provide suppressing fire drives the market for tripods
8 WEAPON MOUNTS MARKET, BY PLATFORM
- 8.1 INTRODUCTION
- 8.2 GROUND
- 8.2.1 VEHICLE-MOUNTED
- 8.2.1.1 Increased procurement of armored vehicles by various militaries globally is driving the weapon mounts market
- 8.2.1.1.1 Main Battle Tanks (MBT)
- 8.2.1.1.2 Infantry Fighting Vehicles (IFV)
- 8.2.1.1.3 Armored Personnel Carriers (APC)
- 8.2.1.1.4 Armored Amphibious Vehicles (AAV)
- 8.2.1.1.5 Light Protected Vehicles (LPV)
- 8.2.1.1.6 Self-propelled Howitzers (SPHS)
- 8.2.1.1.7 Armored Mortar Carriers (AMC)
- 8.2.2 FIXED INSTALLATION
- 8.2.2.1 Increase in installation of machine guns for border protection drives the market
- 8.2.3 DISMOUNTED SOLDIERS
- 8.2.3.1 Upgrades to soldier equipment drive the market for dismounted soldier weapon mounts
- 8.3 NAVAL
- 8.3.1 AIRCRAFT CARRIERS
- 8.3.1.1 Upgrades and modernization programs of aircraft carriers undertaken by various countries drive the market
- 8.3.2 DESTROYERS
- 8.3.2.1 Installation of new weapons on destroyers drives the market
- 8.3.3 FRIGATES
- 8.3.3.1 Increased orders for frigates by countries such as India, Russia, and Germany drive the market
- 8.3.4 CORVETTES
- 8.3.4.1 Ongoing upgrades to corvettes of countries such as India, Israel, and Finland, among others, drives the market
- 8.3.5 OFFSHORE PATROL VESSELS (OPV)
- 8.3.5.1 Modernization programs of OPVs drive the market
- 8.4 AIRBORNE
- 8.4.1 COMBAT AIRCRAFT
- 8.4.1.1 Increase in procurement of combat aircraft by India, Malaysia, and Switzerland, among others, drives the weapon mounts market
- 8.4.2 ATTACK HELICOPTERS
- 8.4.2.1 Increased procurement of attack helicopters by India and South Korea, among others, drives the market
- 8.4.3 SPECIAL MISSION AIRCRAFT
- 8.4.3.1 Ongoing procurement of special mission aircraft countries such as Finland and Bulgaria, among others, drives the market
9 WEAPON MOUNTS MARKET, BY MODE OF OPERATION
- 9.1 INTRODUCTION
- 9.2 MANNED
- 9.2.1 RISING DEMAND FOR MACHINE GUNS AND SNIPER RIFLES DRIVES THE MARKET FOR MANNED WEAPON MOUNTS
- 9.3 REMOTELY OPERATED
- 9.3.1 INCREASED USE OF REMOTE WEAPON STATIONS ACROSS ALL PLATFORMS DRIVES THE MARKET
10 WEAPON MOUNTS MARKET, BY WEAPON COMPATIBILITY
- 10.1 INTRODUCTION
- 10.2 WEAPON COMPATIBILITY
- 10.2.1 MACHINE GUNS
- 10.2.1.1 Increase in demand for remote weapon stations drives the market for machine gun mounts
- 10.2.1.1.1 Light Machine Guns (LMG)
- 10.2.1.1.2 Medium Machine Guns (MMG)
- 10.2.1.1.3 Heavy Machine Guns (HMG)
- 10.2.2 AUTOMATIC CANNONS
- 10.2.2.1 Wide-scale use of automatic cannons drives the market for various mounts
- 10.2.3 AUTOMATIC RIFLES
- 10.2.3.1 Increase in demand for bipods can be attributed to the demand for automatic rifles
- 10.2.4 GATLING GUNS
- 10.2.4.1 Need for special mounts for aircraft-mounted Gatling guns drives the market
- 10.2.5 SNIPER RIFLES
- 10.2.5.1 Increasing use of sniper rifles in urban warfare drives the market for bipods
11 REGIONAL ANALYSIS
- 11.1 INTRODUCTION
- 11.2 NORTH AMERICA
- 11.2.1 US
- 11.2.1.1 Procurement of new fighter aircraft is driving the market in the US
- 11.2.2 CANADA
- 11.2.2.1 Numerous defense procurement projects for land, sea, and air are driving the market
- 11.3 EUROPE
- 11.3.1 FRANCE
- 11.3.1.1 The armored vehicle modernization program is expected to impact the market in France
- 11.3.2 RUSSIA
- 11.3.2.1 Serial production of T-90 and T-14 Armata tanks, among others, drives the market for weapon mounts in Russia
- 11.3.3 UK
- 11.3.3.1 Orders for the new family of Ajax multi-role armored vehicles in 2018-2019 drives the market in the UK
- 11.3.4 GERMANY
- 11.3.4.1 Modernization programs for naval, airborne, and land fleets are driving the market in Germany
- 11.3.5 ITALY
- 11.3.5.1 High procurement spending in 2019 is expected to drive the market in Italy
- 11.3.6 SPAIN
- 11.3.6.1 Three military modernization programs planned until 2032 is expected to impact the weapon mounts market in Spain
- 11.3.7 POLAND
- 11.3.7.1 Multi-billion military modernization program by Poland is expected to drive the market
- 11.4 ASIA PACIFIC
- 11.4.1 CHINA
- 11.4.1.1 Major expansion reforms of its navy and air force are driving the market in China
- 11.4.2 INDIA
- 11.4.2.1 Five-year modernization plan of its armed forces is driving the market in India
- 11.4.3 JAPAN
- 11.4.3.1 Increased funding for the acquisition of new combat aircraft is driving the market in Japan
- 11.4.4 SOUTH KOREA
- 11.4.4.1 Multi-billion spending on arms purchase for troops in 2020 is driving the market in South Korea
- 11.4.5 AUSTRALIA
- 11.4.5.1 Procurement of new military capabilities from 2020-2028 is expected to drive the market in Australia
- 11.5 THE MIDDLE EAST
- 11.5.1 SAUDI ARABIA
- 11.5.1.1 Multi-billion contracts with the US drive the weapon mounts market in Saudi Arabia
- 11.5.2 TURKEY
- 11.5.2.1 Substantial rise in military spending in 2018 has driven the market for weapon mounts in Turkey
- 11.5.3 ISRAEL
- 11.5.3.1 Ongoing procurement of armored vehicles and combat aircraft is expected to drive the market in Israel
- 11.6 SOUTH AMERICA
- 11.6.1 BRAZIL
- 11.6.1.1 Short and medium-term investments to modernize forces in Brazil is expected to drive the market
- 11.6.2 MEXICO
- 11.6.2.1 Procurement of armored vehicles and weapons for soldiers is expected to drive the market in Mexico
12 COMPETITIVE LANDSCAPE
- 12.1 INTRODUCTION
- 12.2 COMPETITIVE ANALYSIS
- 12.3 MARKET RANKING ANALYSIS, 2019
- 12.4 COMPETITIVE LEADERSHIP MAPPING
- 12.4.1 VISIONARY LEADERS
- 12.4.2 INNOVATORS
- 12.4.3 DYNAMIC DIFFERENTIATORS
- 12.4.4 EMERGING COMPANIES
- 12.5 STRENGTH OF PRODUCT PORTFOLIO
- 12.6 BUSINESS STRATEGY EXCELLENCE
- 12.7 COMPETITIVE SCENARIO
- 12.7.1 CONTRACTS
- 12.7.2 NEW PRODUCT LAUNCHES
- 12.7.3 ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS
13 COMPANY PROFILES
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Growth Strategies (Organic and Inorganic), SWOT Analysis, and MNM View)*
- 13.2 AEI SYSTEMS LTD.
- 13.3 MILITARY SYSTEMS GROUP, INC.
- 13.4 LEONARDO S.P.A.
- 13.5 KNDS
- 13.6 FN HERSTAL
- 13.7 OHIO ORDNANCE WORKS, INC.
- 13.8 FJORD DEFENSE AS
- 13.9 CRSYSTEMS INC.
- 13.10 CAPCO LLC.
- 13.11 WE PLATT
- 13.12 KONGSBERG DEFENSE & AEROSPACE
- 13.13 RHEINMETALL AG
- 13.14 GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS
- 13.15 ENGINE ENGINEERING COMPANY
- 13.16 CANTINE ARMAMENT INCORPORATED
- 13.17 ASELSAN A.S.
- 13.18 VALHALLA TURRETS D.O.O.
- 13.19 TMIL SYSTEMS
- 13.20 ISTEC SERVICES LTD.
- 13.21 RAYTHEON COMPANY
- 13.22 ELBIT SYSTEMS
- 13.23 SAAB AB
- 13.24 ELECTRO OPTIC SYSTEMS
- 13.25 BAE SYSTEMS
- 13.26 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
- 13.27 ST ENGINEERING
- 13.28 CHINA NORTH INDUSTRIES CORPORATION (NORINCO)
- 13.29 IMI SYSTEMS
- 13.30 JENOPTIK
- 13.31 OTOKAR AS
- 13.32 DENEL VEHICLE SYSTEMS
- 13.33 MOOG INC.
- 13.34 CURTISS-WRIGHT
Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Growth Strategies (Organic and Inorganic), SWOT Analysis, and MNM View might not be captured in case of unlisted companies.
14 APPENDIX
- 14.1 DISCUSSION GUIDE
- 14.2 INDUSTRY EXPERTS
- 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS™ SUBSCRIPTION PORTAL
- 14.4 AVAILABLE CUSTOMIZATIONS
- 14.5 RELATED REPORTS
- 14.6 AUTHOR DETAILS